New Century's Dictionary of Banking & Finance by New Century

Book Description

Finance is the life blood of a modern economy. Banking system, as an integral part of the financial sector, is the linchpin of any development strategy. Banking system, along with other constituents of the financial sector, helps to mobilise financial surpluses of an economy and transfers them to areas of financial deficit. It promotes savings by providing a wide variety of financial assets to the general public. Savings collected from the household sector are pooled together and allocated to various sectors of the economy for raising production levels. If the allocation of credit is judicious and socially equitable, it can help achieve the twin objectives of growth and social justice. This dictionary is designed to provide a useful, reliable and readable guide to the all-pervasive field of banking and finance.

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Books By Author New Century

Economics is not an easy subject to master. This title contains a selection of key terms and concepts in economics which are considered important for a cross-section of readers including teachers and students of economics, commerce, law and management.

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